On the heels of news that DoorDash is targeting an initial IPO valuation up to $27 billion, C3.ai also dropped a new S-1 filing detailing a first-draft guess of what the richly valued company might be worth after its debut. C3.ai posted an initial IPO price range of $31 to $34 per share, with the […]
Earlier this month, Twitter announced it would soon begin testing its own Clubhouse rival, called Audio Spaces. The new product will allow Twitter users to gather in dedicated spaces for live conversations with another person or with groups of people. While the company showed off a handful of screenshots of the product at the time […]
The chairman of the FCC, Ajit Pai, has announced he will leave his position on January 20 as President-elect Biden is sworn in. Pai’s tenure has been a controversial one, and while he would almost certainly like to be remembered for his efforts to “bridge the digital divide,” as he was fond of saying, it […]
Today Facebook made one of its biggest plays yet to build out the services it provides to businesses on its platform: It is acquiring Kustomer, a startup founded with the aim of disrupting the customer services industry with a new approach to providing agents with better data and a more unified picture of users by […]
A French administration in charge of consumer rights and fraud has investigated Wish, the mobile e-commerce platform that recently filed to go public. While the company generated $1.9 billion in revenue in 2019, the French administration believes Wish could be selling products, such as sneakers and perfumes, with images incorrectly showing the logos of famous […]
Thanksgiving and Black Friday online shopping this year had big gains on 2019, but both still fell somewhat short of expectations in what is proving to be a good if more muted holiday shopping season without the usual physical crowds to help enforce COVID-19 social distancing and many feeling the economic strain of the health […]
This morning Salut, an app-based service that allows fitness trainers to host classes virtually, announced that it has raised $1.25 million in a new financing event. The round was led by Charles Hudson, an investor at Precursor Ventures. Founder Matthew DiPietro, formerly of Twitch, told TechCrunch that Salut soft-launched in mid-September, with a wider release […]
“We think of diversity as a keystone issue for the cannabis industry,” said Curio WMBE Fund managing director Jerel Registre in a conversation with TechCrunch. Registre’s conviction around this program is obvious as he explains the problem the fund is addressing. The new fund, started by the Maryland-based medical cannabis company Curio Wellness, aims to […]
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. For […]
CRED, a two-year-old startup that is helping credit card users in India improve their financial behaviour, has raised $80 million in a new financing round, a source familiar with the matter told TechCrunch. The new financing round, a Series C for CRED, was led by existing investor DST Global. Much of the round — in […]
A couple of years ago, French President Emmanuel Macron initiated the Tech for Good Summit by inviting 50 tech CEOs to discuss the challenges in the tech industry and make some announcements. Usually, tech CEOs meet ahead of Viva Technology, a tech event in Paris. This year, Viva Technology had to be canceled, which means […]
DeepMind, the AI technology company that’s part of Google parent Alphabet, has achieved a significant breakthrough in AI-based protein structure prediction. The company announced today that its AlphaFold system has officially solved a protein folding grand challenge that has flummoxed the scientific community for 50 years. The advance in DeepMind’s AlphaFold capabilities could lead to […]
The rumors ignited last Thursday that Salesforce had interest in Slack. This morning, CNBC is reporting the deal is all but done and will be announced tomorrow. Chances are this is going to a big number, but this won’t be Salesforce’s first big acquisition. We thought it would be useful in light of these rumors […]
Materialize, the SQL streaming database startup built on top of the open-source Timely Dataflow project, announced a $32 million Series B investment led by Kleiner Perkins, with participation from Lightspeed Ventures. While it was at it, the company also announced a previously unannounced $8 million Series A from last year, led by Lightspeed, bringing the […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can […]
This morning, DoorDash filed a new S-1 document, this time updating the market about the price it expects to command during its public offering. The food-delivery giant gave a range of $75 to $85 per share, which would revalue the company sharply higher than its final private price, set during a June Series H that […]
GM is backing away from an agreement to take a stake in electric automaker Nikola Corp, marking the collapse of a deal that has been problematic since it was announced just two months ago. Nikola shares were down 24.75% as of 11:12 am ET Monday morning. GM has instead signed a non-binding memorandum of understanding […]
The Raspberry Pi Foundation has released a new product today. It’s a tiny $5 fan combined with a small heatsink for the Raspberry Pi 4. It works with the official case, below the top cover. That accessory should prevent the Raspberry Pi from overheating. If you’re not familiar with the Raspberry Pi, it’s a cheap, […]
